Beach Point Capital Management LP Diversified Active

Name: Beach Point Capital Management LP Q1 2023 13F Filing | 13F Explorer
Creator: Beach Point Capital Management LP
Published: 2023-05-02

Location: Santa Monica, CA

CIK: 0001453885 · Show all filings

Period: Q1 2023 (← Previous) (Next →)

Filing Date: May 2, 2023

Total Value: $208M (67.8% shares, 32.2% debt)

Holdings (20)

VEL VELOCITY FINL INC 20.3%

Value $42.12M Shares 4,663,900 Share Price $9.03 Est. Cost/Share $9.08 Unrealized @ Report Date -0.5%

— FRONTIER COMMUNICATIONS PARE 13.0%

Value $26.92M Shares 1,182,282 Share Price $22.77 Est. Cost/Share $26.40 Unrealized @ Report Date —

— TERRAN ORBITAL CORPORATION 11.3%

Value $23.45M Shares 12,744,102 Share Price $1.84 Est. Cost/Share $6.65 Unrealized @ Report Date —

— WESTERN ASSET MORTGAGE CAPIT 9.0%

Value $18.67M Shares 21,600,000 Share Price $0.86 Est. Cost/Share $0.97 Unrealized @ Report Date —

— 2U INC 8.2%

Value $17.1M Shares 21,881,000 Share Price $0.78 Est. Cost/Share $0.84 Unrealized @ Report Date —

— GREAT AJAX CORP 7.0%

Value $14.58M Shares 602,884 Share Price $24.19 Est. Cost/Share $24.77 Unrealized @ Report Date —

— MULTIPLAN CORPORATION 6.8%

Value $14.18M Shares 13,379,011 Share Price $1.06 Est. Cost/Share $2.96 Unrealized @ Report Date —

MITT AG MTG INVT TR INC 6.4%

Value $13.3M Shares 2,313,007 Share Price $5.75 Est. Cost/Share $9.41 Unrealized @ Report Date —

— TWO HARBORS INVENTMENT CORPO 3.7%

Value $7.701M Shares 8,965,000 Share Price $0.86 Est. Cost/Share $1.01 Unrealized @ Report Date —

— BLACKSTONE MORTGAGE TRUST IN 3.5%

Value $7.178M Shares 9,079,000 Share Price $0.79 Est. Cost/Share $0.79 Unrealized @ Report Date —

MFA MFA FINL INC 3.2%

Value $6.714M Shares 676,804 Share Price $9.92 Est. Cost/Share $10.53 Unrealized @ Report Date —

FLL FULL HSE RESORTS INC 2.1%

Value $4.339M Shares 600,136 Share Price $7.23 Est. Cost/Share $6.54 Unrealized @ Report Date +10.5%

FSK FS KKR CAP CORP 1.8%

Value $3.663M Shares 198,012 Share Price $18.50 * Est. Cost/Share $9.43 Unrealized @ Report Date +29.8%

— GREAT AJAX CORP 1.1%

Value $2.265M Shares 344,280 Share Price $6.58 Est. Cost/Share $12.45 Unrealized @ Report Date —

ADAM NEW YORK MTG TR INC 0.8%

Value $1.743M Shares 174,999 Share Price $9.96 Est. Cost/Share $9.96 Unrealized @ Report Date —

— INNOVATE CORP 0.8%

Value $1.637M Shares 2,055,000 Share Price $0.80 Est. Cost/Share $1.15 Unrealized @ Report Date —

AER AERCAP HOLDINGS NV 0.7%

Value $1.406M Shares 25,000 Share Price $56.23 Est. Cost/Share $58.91 Unrealized @ Report Date -6.0%

— DRAGONFLY ENERGY HOLDINGS CO 0.3%

Value $636K Shares 211,985 Share Price $3.00 Est. Cost/Share $11.12 Unrealized @ Report Date —

ADAM NEW YORK MTG TR INC 0.0%

Value $35,040 Shares 1,168 Share Price $30.00 Est. Cost/Share $9.96 Unrealized @ Report Date —

— GREAT AJAX CORP 0.0%

Value $16,140 Shares 807 Share Price $20.00 Est. Cost/Share $12.45 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
VEL	VELOCITY FINL INC	4,663,900	$42.12M	20.3%	$9.03	$9.08	-0.5%	COM	92262D101
—	FRONTIER COMMUNICATIONS PARE	1,182,282	$26.92M	13.0%	$22.77	$26.40	—	COM	35909D109
—	TERRAN ORBITAL CORPORATION	12,744,102	$23.45M	11.3%	$1.84	$6.65	—	COM	88105P103
—	WESTERN ASSET MORTGAGE CAPIT	21,600,000	$18.67M	9.0%	$0.86	$0.97	—	NOTE 6.750% 9/1	95790DAD7
—	2U INC	21,881,000	$17.1M	8.2%	$0.78	$0.84	—	NOTE 2.250% 5/0	90214JAB7
—	GREAT AJAX CORP	602,884	$14.58M	7.0%	$24.19	$24.77	—	7.25 CV SR NT 24	38983D409
—	MULTIPLAN CORPORATION	13,379,011	$14.18M	6.8%	$1.06	$2.96	—	COM	62548M100
MITT	AG MTG INVT TR INC	2,313,007	$13.3M	6.4%	$5.75	$9.41	—	COM NEW	001228501
—	TWO HARBORS INVENTMENT CORPO	8,965,000	$7.701M	3.7%	$0.86	$1.01	—	NOTE 6.250% 1/1	90187BAB7
—	BLACKSTONE MORTGAGE TRUST IN	9,079,000	$7.178M	3.5%	$0.79	$0.79	—	NOTE 5.500% 3/1	09257WAE0
MFA	MFA FINL INC	676,804	$6.714M	3.2%	$9.92	$10.53	—	COM	55272X607
FLL	FULL HSE RESORTS INC	600,136	$4.339M	2.1%	$7.23	$6.54	+10.5%	COM	359678109
FSK	FS KKR CAP CORP	198,012	$3.663M	1.8%	$18.50 *	$9.43	+29.8%	COM	302635206
—	GREAT AJAX CORP	344,280	$2.265M	1.1%	$6.58	$12.45	—	COM	38983D300
ADAM	NEW YORK MTG TR INC	174,999	$1.743M	0.8%	$9.96	$9.96	—	COM	649604840
—	INNOVATE CORP	2,055,000	$1.637M	0.8%	$0.80	$1.15	—	NOTE 7.500% 8/0	404139AG2
AER	AERCAP HOLDINGS NV	25,000	$1.406M	0.7%	$56.23	$58.91	-6.0%	SHS	N00985106
—	DRAGONFLY ENERGY HOLDINGS CO	211,985	$636K	0.3%	$3.00	$11.12	—	COM	26145B106
ADAM	NEW YORK MTG TR INC	1,168	$35,040	0.0%	$30.00	$9.96	—	Call	649604840
—	GREAT AJAX CORP	807	$16,140	0.0%	$20.00	$12.45	—	Call	38983D300